Plus500 Share Discussion Threads

[andrewbaker] 08/12/2016 11:40

Some of the above comments sounds like horse-racing, football match predictions as to scorer and score, and similar. The house always wins, yet the punter always keeps coming back. An addiction is an addiction, and Plus500 like bookmakers, like tobacco companies, like the National Lottery (not derided because it's PC to support worthy causes whilst your addiction takes you down), all keep making money; as they will continue so to do. Shame that PLUS will take a while to come back - and if I was a gambler, I'd have sold out between 700p and 800p and waited to buy back in, but I'm not, and I didn't - but come back it will. Ho hum, time for a relaxing (decaffeinated) coffee whilst I chew the cud without the anxiety buzz propelling me to make another bet or puff on another cigarette.

[hpcg] 08/12/2016 11:19

Odey's actions here basically identical to Ackman in Valeant. Whilst ValueAct, the other big Valeant supporting institution, had been realising its profits, eventually selling out entirely at a nominal loss on its final tranches Ackman doubled down. He will eventually see that stake go to zero.

No one should ever use an index or FX binary. Short term prices are a random walk so these are basically roulette wheels. The house does really need to do anything to win, though as it has complete control of the price displayed it can run them more like fruit machines. In any case it is mathematically impossible to win over the long term from binaries against a house which is taking a cut on the transaction.

This is fundamentally different from a model where winning investors make the derivative supplier more successful. If one is fully hedged to losses and make a turn from each transaction then one would much prefer to piggy back on winners than losers.

Anyway, for all you fans of PLUS I can provide you a better deal than them. I'll offer 1000/1, just predict the next number in the series between 1 and 100 inclusive to be lower than 49.5 or higher then 50.5.
Ready, numbers are 30, 45, 60, 75 ....
You've gone higher then 50.5 - excellent lets see what it is. 48. Ooh, so close, you nearly had it there. Another go?

[lydnem] 08/12/2016 09:58

These would be a lot lower if Odey hadnt been supporting the share price

[mister md] 08/12/2016 09:56

RNS Odey over 22%

[peterpowell21] 08/12/2016 09:38

can i give you a heads up on a company.
take a look at MTL.
its worth a read.

[lydnem] 08/12/2016 09:37

The writing is on the wall imo, this isnt a wave they can just ride out, the authorities are clamping down and in my book it is only going to get worse

[tomstone12] 08/12/2016 08:59

IMHO best course of action is not to give up to temptation and sell and ride this wave until stables out. FY numbers should not be effected as well as Q1 17 which will leave PLUS sometime to plan out how this will work.

[lydnem] 08/12/2016 07:55

fair play to you freddie ferret. Takes a big man to admit that. Respect.

I think this will go through a slow death as more and more countries take a stance. It might bounce a little short term, but I think this share price is being supported by Odey, and that guy has bought a dog, and is stuck now.

[dennislevine] 07/12/2016 20:26

What are the criteria to be a professional day trader, as opposed to a day trader?

[cc2014] 07/12/2016 19:57

The question you have to answer is how a sb or cfd broker treats winners because they just bank the money off the losers.It is my understanding that IGG will allow winners to win as long as they are placing bets they can hedge and not scalping.Plus do not allow winners as they do not hedge. They use whatever tactics (whether ethical or not) to take money off punters. I used to be a professional day trader and IGG were ran a completely appropriate business model with regard to me winning. PLUS I think is in trouble now at least with regards to the UK. Be careful out there

[freddie ferret] 07/12/2016 15:33

Lydnem.

Right you were correct in your call.

It is interesting to look at the long term share price graphs of PLUS and IGG.
The fall in PLUS takes us back to last year. The fall in IGG takes us back to 2013.

It will be interesting to see how this pans out, we have until March for consultations, then presumably an adjustment period once the regulatory regime comes in.
Personally I do not think these regulations will hurt PLUS much, in one respect this is good publicity for the cfd providers their being plastered all over the financial pages of the quality press with talk of leveraging and money for nothing.

We will see how it pans out.

[hpcg] 07/12/2016 14:16

It wouldn't be unusual to retrace back to the high four hundreds, but news from other jurisdictions would result in more and greater damage. Personally I'm flat with no certainty of being able to take a new position. It requires either a rapid retrace before external news, or sufficient time to elapse for either a slow retrace or for moving averages to get closer to price. Hoping the powers that be in europe are busy saving banks to not get round to saving punters from being ripped off until 2017.

[larva] 07/12/2016 13:47

hxxp://www.shareprophets.com/views/25760/cfd-firms-whacked-as-britain-s-fca-follows-european-lead-and-clamps-down

[mister md] 07/12/2016 13:31

How many more is Odey buying today then ?

[mister md] 07/12/2016 13:20

as I was saying, 50% drop since recent highs seems overdone, looking for a bit of a recovery here, deja vu as did the same last year

[cc2014] 07/12/2016 13:02

Interesting situation this as it seems the UK regulator is finally going to get hold of them type of business and do something about it.

The question is "do punters care whether a company is based in the UK or a "developed economic country or not"? I suspect most punters don't carry as they just see the opportunity.

Avoid PLUS although IG might be an interesting play as I'm sure companies like PLUS have hurt them in recent years

[hutch_pod] 07/12/2016 11:50

FT Live yesterday quotes Citi - they estimate 25% hit to trading in jurisdictions that add leverage limits, drawing on Japan's experience.

[hpcg] 07/12/2016 11:25

Not really. The rest of Europe will follow Cyprus and UK and it will be close to 100% of revenues. No doubt they will onboard from anywhere in the world bar the US so they'll keep their Russian customers.

[mister md] 07/12/2016 11:20

Given the impact will be on 20% of Group Revenues (UK) the decline does seem excessive

[hpcg] 07/12/2016 11:19

Yes I know. I quoted the part of the RNS about how he was holding it.